NOT LISTED FOR SALE

Estimated Value: $323,000 - $468,000

4 Beds
2 Baths
1,668 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 06, 2018

Last sale price $305,900 $183 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,577/month

114 Days on Market

Highlights

  • Fireplace
  • Wood Siding
  • 1-minute walk to Ida Bell Jones Park
  • Level Lot
  • 1-Story Property

About This Home

As of September 2018

Updated 1-level Rosemere Duplex with strong rental history. M2M tenancy 2BD/1BA 836 & 832 sq. ft. clean units with 2 year old roof, vinyl windows, fencing & private parking for two vehicles. Market Cap Rate over 6%. Great addition to your portfolio or for new investor. No sign on property; Please do not bother tenants.

Last Agent to Sell the Property

Marcus Saxon

Premiere Property Group, LLC License #24709 Listed on: 04/09/2018

Premiere Property Group, LLC

Last Buyer's Agent

Michael Farrell

Call It Closed International Realty License #131641

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,043

Year Built

  • Built in 1974

Lot Details

  • 4,922

Parking

  • Paved Parking
  • Off-Site Parking

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Crawl Space
  • Range
  • Washer and Dryer Hookup

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,043

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1668
  • Stories: 1
  • Year Built: 1974
  • Property Condition: Existing
  • Remarks Public: Updated 1-level Rosemere Duplex with strong rental history. M2M tenancy 2BD/1BA 836 & 832 sq. ft. clean units with 2 year old roof, vinyl windows, fencing & private parking for two vehicles. Market Cap Rate over 6%. Great addition to your portfolio or for new investor. No sign on property; Please do not bother tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MYERS ADDN LOT 3 BLK 3
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Off Site, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Unit Features: Fireplace, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Washington
  • Middle School: Discovery
  • High School: Hudsons Bay

Lot Info

  • Lot Description: Level
  • Zoning: R-9

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 2494.39
  • Assessor Parcel Number: 025798000
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.45

MLS Schools

  • Elementary School: Washington
  • High School: Hudsons Bay
  • Middle School: Discovery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2019
Sold by
Arellano Barajas Jesus
Bought by
Arellano Barajas Jesus and Arellano Hope
Current Estimated Value
$422,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,092
Outstanding Balance
$262,896
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$159,501

Purchase Details

Listed on
Apr 9, 2018
Closed on
Sep 6, 2018
Sold by
Camp Tracy and Cunningham Tracy
Bought by
Barajas Jesus
Seller's Agent
Marcus Saxon
Premiere Property Group, LLC
Buyer's Agent
Michael Farrell
Call It Closed International Realty
List Price
$299,900
Sold Price
$305,900
Premium/Discount to List
$6,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Original Mortgage
$300,358
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2004
Sold by
Sonnes Robert A and Sonnes Carmen
Bought by
Cunningham Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,900
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2003
Sold by
Tran Hong Y Thi and Nguyen Dung Phonc
Bought by
Sonnes Robert A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arellano Barajas Jesus -- Stewart Title Vancouver Main
Barajas Jesus $305,899 Clark County Title Co
Cunningham Tracy $139,900 Fidelity National Title
Sonnes Robert A $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arellano Barajas Jesus $300,092
Closed Barajas Jesus $300,358
Previous Owner Cunningham Tracy $118,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2018 09/06/18 Sold $305,900 +2.0% $183 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $299,900 -- $180 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,043 $391,060 $162,000 $229,060
2024 $3,615 $413,888 $162,000 $251,888
2023 $3,556 $386,254 $160,650 $225,604
2022 $3,200 $381,469 $156,600 $224,869
2021 $2,940 $319,780 $135,000 $184,780
2020 $2,618 $276,974 $109,650 $167,324
2019 $2,317 $255,539 $96,813 $158,726
2018 $2,494 $234,203 $0 $0
2017 $2,147 $209,367 $0 $0
2016 $1,944 $188,026 $0 $0
2015 $1,823 $162,647 $0 $0
2014 -- $144,226 $0 $0
2013 -- $126,383 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18077180

Regional Multiple Listing Service (RMLS)

APN: 025798-000